On July 6, Zangge Mining announced that it expects its net profit attributable to shareholders of the listed company for H1 2026 to reach Yuan 3.550 billion to Yuan 3.750 billion, representing a year-on-year increase of 97.20% to 108.31%. The significant performance growth is primarily attributable to the sustained improvement in profitability of its potassium chloride business, a substantial increase in performance of its lithium carbonate business, and a significant rise in investment income from its equity-method investee, Julong Copper.
Using the equity method of accounting, the company expects to recognize approximately Yuan 2.8 billion in investment income for the period, representing a notable increase compared to the same period last year.
Note: The company's Q2 net profit is estimated at Yuan 1.976 billion to Yuan 2.176 billion, compared to Q1 net profit of Yuan 1.574 billion. Based on this, Q2 net profit is expected to change by 25% to 38% quarter-over-quarter.
Edited by Cassie Li, lixiangying@mysteel.com
